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RBI penalises UCO Bank, Axis...

Mumbai : The Reserve Bank of India (RBI)...

RBI expected to soften stance...

Mumbai : The Reserve Bank of India is...

RBI penalises UCO Bank, Axis Bank and Syndicate Bank

Mumbai : The Reserve Bank of India (RBI) has imposed separate monetary penalties on lenders -- UCO Bank, Axis Bank and Syndicate Bank -- over deficiencies in complying with different regulatory norms. The RBI imposed a penalty of Rs 2 crore each on UCO Bank and Axis Bank for non-compliance with its circular on 'Collection of Account Payee Cheques - Prohibition on Crediting Proceeds to Third Party Account' and Master Directions on 'Frauds - Classification and Reporting by commercial banks and select FIs'. In addition, a separate penalty of Rs 20 lakh was imposed...
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Economy

RBI penalises UCO...

Mumbai : The Reserve Bank of India (RBI) has imposed separate monetary penalties on lenders -- UCO Bank, Axis Bank and Syndicate Bank -- over deficiencies in...
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Economy

RBI expected to...

Mumbai : The Reserve Bank of India is widely expected to keep its key lending rate for commercial banks unchanged at 6.5 per cent for the third...
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Economy

Biggest bank fraud...

By Biswajit Choudhury, New Delhi : The year leading up to the 2019 general elections was defined by a slowdown in investment, slackening growth, falling...
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Economy

RBI’s outreach effort,...

Mumbai : Hopes of lower interest rates and more liquidity on the back of easing retail inflation and the Reserve Bank's outreach efforts and...
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India

Differences either get...

Mumbai : Admitting to differences with Urjit Patel, who quit as RBI Governor, Finance Minister Arun Jaitley on Thursday said the government is the...
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India

Urjit Patel quits...

Mumbai : Reserve Bank of India (RBI) Governor Urjit Patel resigned on Monday with immediate effect, citing "personal reasons", setting of a major crisis...
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Economy

Any attempt by...

KOLKATA : Coming down heavily on the Narendra Modi government for making efforts to “capture” the RBI, Congress leader and former Union finance minister P...
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Economy

India’s current economic...

By Biswajit Choudhury, New Delhi : The sharply depreciating rupee amidst rising global oil prices and the massive foreign funds outflow from the capital market...
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Economy

Demonetization ‘butchered’ Indian...

Mumbai : The Shiv Sena on Friday again attacked the BJP for demonetizing Rs 500 and Rs 1,000 bank notes in 2016, calling it...
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